Thai Oil sets guidance for upsized $350 million 10-year bonds at Treasuries plus 120-123 bps

By Reshmi Basu

New York, June 1 - Thai Oil Public Co. Ltd. set price guidance for a proposed $350 million issue of 10-year fixed-rate bonds (Baa1/BBB) at Treasuries plus 120 to 123 basis points or mid-swaps plus 78 to 81 basis points, according to a market source.

The issue has been increased from $250 million due to strong demand.

Pricing is expected to take place early Thursday.

ABN Amro and UBS Investment Bank are running the Regulation S offering.

This is the inaugural offering for the Thailand-based oil-refiner.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.